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20110731
20110731
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the impact. but i'm wondering, two of the candidates will be coming out after this big debate here in washington. does that give an advantage or a disadvantage or is it unclear based on the outcome? >> well, it's unclear based on the outcome certainly. the congresswoman and the congressman have both been very strong in their opposition. >> no compromise. right? >> that will appeal to many people in the base of the party. and i think what you've heard from some of the other candidates is somewhat more equivocal position. though john huntsman this week came out strongly for the boehner plan and said it was the only plan going and that the republicans and everybody ought to get behind it. congresswoman bachmann in particular, i think, has staked out that kind of tea party position. and she'll probably benefit from that. i think the other candidates are trying to get a piece of that, but try to go more broadly. >> i think bachmann and to a certain extent paul also risk some pleasure of backlash, or could in their don't raise the ceiling at all and their positions, playing down is a pot
.i. joe," the lakers and the celtics in the championship. apple wuss big, then it -- was big, then it went away for a while, then it was back again. so it should be obvious that the 1980s is back, and for various reasons i argue in the book, it is back. and i don't think it's just because of the nostalgia factor although that's certainly a factor. also there's some coincidences. i had mentioned on my radio show a couple days ago that the weird coincidence, although you may see it not just as a coincidence, that 25 years ago almost to the exact week and, certainly, to the exact month the united states military was bombing libya, and the world was wrapped with the detention about a nuclear meltdown at chernobyl. those two things happened almost exactly 25 years ago to the month. so as much of this is pop culture, some of it is very, very real. and what i argue in the book is that the popular culture of the 1980s, the iconography of the 1980s in many ways has inspired the way we hook at real world -- look at real world events and how real world, i guess you would call them actors, behave toda
: we have to look at the overall big picture. there are going to be times -- you can only spend more than you make for so long and it catches up to you and that is what is happening right now the bank there going to be situations, i imagine, with the federal government has to take out loans and borrow money. but this has been going on for years and years and years. and you cannot continue to do this. if we do not get our fiscal house in order, get our credit -- that our creditors will take control and do it for us. i am not sure that we want that. host: we of gone from a trillion dollar debt to $14 trillion, but is there good debt for the government? someone argues that student loans and mortgages are good debt, and bad debt would be loans for vacations or fancy cars. guest: i do not think any debt is good. it is probably a more acceptable form of debt. but again, i say that there are probably going to be instances, but the problem is when it becomes everything that you -- when you have so much debt that it is overwhelming to everything else, when you have more debt if you can pay. a
Search Results 0 to 2 of about 3